Senomyx Announces Agreement for Three-Year Extension of Collaboration with Nestlé SA
Senomyx also has a second collaboration with Nestlé, which was entered into in 2004, for the discovery and commercialization of novel flavor ingredients in the coffee and coffee whitener fields.
"We are extremely pleased to extend our original collaboration with our world class partner, Nestlé. We believe this extension provides further validation of our taste receptor technology and commercial potential," stated Kent Snyder, President and Chief Executive Officer of Senomyx. "Our goal is to continue to leverage our discovery and development capabilities by establishing additional collaborations with market leading companies seeking to improve the nutritional profile of their products," added Snyder.
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